Mortgage and Financial News From 2009-8-26 Page 01

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• U.S. MBA Mortgage Applications Index Rose 7.5 Percent Last Week - Bloomberg

  Aug. 26 (Bloomberg) -- Mortgage applications in the U.S. rose last week to the highest level in almost three months, led by gains in refinancing and purchases that signal housing is stabilizing. A government program to give tax credits to first-time ...
  2009-08-26 05:57:00

• First Trust/FIDAC Mortgage Income Fund Declares Monthly Common Share ... - Businesswire.com

  WHEATON, Ill.--( BUSINESS WIRE )--First Trust/FIDAC Mortgage Income Fund (the "Fund") (NYSE: FMY) has declared the Fund’s regularly scheduled monthly common share distribution payable on September 15, 2009 to shareholders of record as of September ...
  2009-08-20 02:36:00

• Struggling homeowners left in limbo - AZCentral.com

  Five months into the $75 billion federal program meant to toss a lifeline to homeowners facing foreclosure, most people in need of help are still floundering. Overall, about 15 percent of borrowers across the country who are eligible for the program ...
  2009-08-26 02:04:00

• A Big Gain in July for New-Home Sales - New York Times

  The Commerce Department reported Wednesday that new-home sales rose 9.6 percent to a seasonally adjusted rate of 433,000 last month. The numbers came on the heels of other reports that have showed housing prices rising in many big cities and sales of ...
  2009-08-26 06:50:00

• Cronus Partners Pleased to Announce Birken Manufacturing Company ... - dBusinessNews.com

  HYPE’s “Tee It Up for Charity” Event raised $7,000 for First Tee Connecticut! HARTFORD – Yesterday at the MetroHartford Alliance’s Rising Star Breakfast ... Short Term Leasing Options Available at All CTBestApts.com Communities Unlike most ...
  2009-08-26 05:31:00

• Mortgage lenders ditch Eibor as base rate - Business24-7

  Lenders are replacing the benchmark Emirates Inter Bank Offer Rate (Eibor) with their own base rates for property mortgages, saying Eibor is no longer a true indicator of their cost of funds. Three-month Eibor has halved since the start of the year ...
  2009-08-26 01:28:00

• ESSA Bancorp, Inc. Announces Dividend... - Business Wire (press release)

  ESSA Bancorp, Inc. Announces Dividend Increase, Payment to ...Business Wire (press release)In addition to being one of the region's largest mortgage lenders, ESSA Bank & Trust offers a full range of retail and commercial financial services. ...and more »
  2009-08-26 03:31:34

• It's Time to Make the Move - Town Hall

  It's Time to Make the MoveTown Hall... country for residential real estate and suggested that you begin making plans to take advantage of the combination of low prices and low mortgage rates. ...and more »
  2009-08-26 04:43:34

• Summer boost to UK property market hi... - Property Community

  Summer boost to UK property market hides underlying lack of ...Property CommunityAlthough the market picked up over the summer months lending is still historically very low, the Council for Mortgage Lenders is warning. ...and more »
  2009-08-26 04:49:17

• Reverse mortgage defined - Examiner.com

  Reverse mortgage definedExaminer.comRates are estimated by a margin, which is, in the HECM program, the amount added to the one-month Libor index to determine the initial and current interest ...and more »
  2009-08-26 05:03:35

• New $50M hospital proposed - Philadelphia Neshoba Democrat

  New $50M hospital proposedPhiladelphia Neshoba DemocratThe financing option would limit the mortgage to the new hospital and would exclude the skilled nursing facility and the current building, the assessment ...
  2009-08-26 05:03:44

• Fed Policy and the Effect on Mortgage... - MortgageNewsDaily.com

  Fed Policy and the Effect on Mortgage ValuationsMortgageNewsDaily.comShort rates are currently dictated almost entirely by the Fed, which seems to be in no hurry to raise rates from their current point of zero. ...and more »
  2009-08-26 05:20:20

• Worst is over for housing markets, ec... - Vancouver Sun

  Worst is over for housing markets, economists sayVancouver SunMortgage rates, meanwhile, won't rise over the next 12 month by more than 50 to 75 basis points from today's 5.85% posted rate on fixed five-year mortgages, ...and more »
  2009-08-26 05:22:18

• 12 top fixed rate mortgages - lovemoney.com

  12 top fixed rate mortgageslovemoney.comUK mortgage borrowers are commitment-phobes. We don't like to lock into a long-term mortgage rate, and never have done. The Government has tried its best to ...and more »
  2009-08-26 06:03:55

• Standard Pacific Rallies on Housing R... - Orange County Business Journal

  Standard Pacific Rallies on Housing ReportsOrange County Business JournalSales have been spurred by low prices, low mortgage rates and government incentives. On Tuesday, homebuilders got another bit of good news as the ...
  2009-08-26 06:11:38

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